The board of directors of JC Group Holdings Limited announced that with effect from 1 October 2015, Ms. Chen Chen will resign as an executive Director, Mr. Kwok Chun Chung will resign as a non-executive Director, Mr. Wu Jian Nong will be appointed as an executive Director, and Mr. Xu Shui Sheng will be appointed as an executive Director. Ms. Chen Chen has resigned in order to devote more time to pursue her other personal development. Mr. Kwok Chun Chung has resigned due to the need to devote more time to pursue his other business commitments.

Since May 2011, Mr. Wu has been the president of Zhejiang Tonking New Energy Group Co. Ltd. Since April 2014, Mr. Xu has been the deputy president of Zhejiang Tonking New Energy Group Co. Ltd.